Bridges Investment Management Inc. Has $11.07 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

Bridges Investment Management Inc. decreased its holdings in Generac Holdings Inc. (NYSE:GNRCFree Report) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,649 shares of the technology company’s stock after selling 4,127 shares during the period. Bridges Investment Management Inc. owned about 0.14% of Generac worth $11,069,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Generac by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,770,488 shares of the technology company’s stock worth $2,012,595,000 after buying an additional 130,854 shares during the last quarter. Ariel Investments LLC increased its holdings in Generac by 14.9% in the third quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock worth $219,047,000 after buying an additional 261,050 shares during the last quarter. Invesco Ltd. increased its holdings in Generac by 9.9% in the third quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock worth $177,956,000 after buying an additional 147,523 shares during the last quarter. Geode Capital Management LLC increased its holdings in Generac by 2.2% in the first quarter. Geode Capital Management LLC now owns 1,310,063 shares of the technology company’s stock worth $141,176,000 after buying an additional 28,211 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in Generac by 61.8% in the first quarter. Macquarie Group Ltd. now owns 1,244,286 shares of the technology company’s stock worth $134,395,000 after buying an additional 475,104 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of research reports. TD Cowen dropped their price objective on Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Citigroup increased their price target on Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Robert W. Baird increased their price target on Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a report on Tuesday. Finally, UBS Group lowered their price target on Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.79.

Get Our Latest Research Report on Generac

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $115.22, for a total value of $576,100.00. Following the completion of the transaction, the chief executive officer now directly owns 577,690 shares of the company’s stock, valued at $66,561,441.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.80% of the stock is owned by company insiders.

Generac Stock Up 0.9 %

Shares of GNRC stock opened at $129.37 on Thursday. The stock has a market cap of $7.80 billion, a P/E ratio of 39.32, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45. Generac Holdings Inc. has a one year low of $79.86 and a one year high of $156.95. The stock has a fifty day moving average price of $117.52 and a 200 day moving average price of $113.78. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.27 and a quick ratio of 0.94.

Generac (NYSE:GNRCGet Free Report) last issued its earnings results on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.02). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $1.78 earnings per share. Analysts predict that Generac Holdings Inc. will post 6.31 earnings per share for the current year.

About Generac

(Free Report)

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.

See Also

Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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